Environment
As the built environment consumes half of global material resources and gradually develops circular models, the Group is involved in carbon-emitting, energy- and material-intensive value chains.
The Group contributes to and supports its customers in the green and circular transition through services and solutions that enable a more climate-friendly and resource-efficient society.
Climate change (E1)
The significant impact, risk and opportunity that the Group has linked to climate change primarily applies to three sub-areas: (i) energy, (ii) adaptation to climate change and (iii) climate change mitigation. These areas are described in general terms below.
The Group's has communicated on a climate target that are described here. For more detailed information about the Group's governance, strategy, measures and monitoring of key figures in these areas, see the Group's sustainability report.
Energy
The building technology that the Group installs, maintains and monitors requires energy throughout its life cycle, which means an actual negative impact on the climate, while energy-efficient solutions and renewable energy sources have an actual positive impact. The Group has also identified financial opportunities linked to the need for energy efficiency measures and new energy infrastructure driven by the Energy Efficiency Directive, the Renewable Energy Directive and Zero Emission Buildings respectively.
Energy consumption in the Group's own operations is to a limited extent dependent on fossil fuels, which in the short term has a negative climate impact. Reducing dependence on fossil fuels is part of the group's transformation plan.
Climate change adaptation
The Group helps its customers adapt to climate change through risk and vulnerability analyses, inventory and mitigation of greenhouse gases, cooling systems, security solutions and cleanroom solutions, which is an actual positive impact.
Assemblin Caverion Group has begun an updated analysis of climate-related risks. Read more about the climate change analysis here.
Climate change mitigation
Energy-efficient building technology that is designed, installed and maintained correctly has an actual positive impact on the climate. The ability to guide customers' procurement decisions and energy, material and process efficiency also has an actual positive impact. The Group's own operations and value chain cause certain greenhouse gas emissions, which is an actual negative impact. In general terms, the green transition and new green technology represent a financial opportunity.
Assemblin Caverion Group has developed a climate transition plan to reduce climate impact at divisional and group level. Read more about the climate transition plan here.
Resource use and circular economy (E5)
The significant impact, risk and opportunity that the Group has linked to resource use and circular economy primarily applies to three sub-areas: (i) inflow of resources, (ii) resource outflows related to waste and (iii) resource outflows related to products and services. These areas are described in general terms below.
The Group currently only has internal targets related to resource use and circular economy. For more detailed information about the Group's governance, strategy, measures and monitoring of key figures in these areas, see the Group's sustainability report.
Inflow of resources
The Group uses a large amount of purchased materials and services in its deliveries, which has an actual negative impact, but through an increased proportion of reused or recycled materials, the resource inflow can be reduced, which is a potential positive impact.
Resource outflows related to waste
The Group's installation operations generate some waste, which has a negative impact. However, the ability to reduce and prevent waste through planned procurement and efficient operations can reduce the amount of waste, which is an actual positive impact.
Resource outflows related to products and services
The Group's advisory services and optimization of the lifecycle of technical installations through smart maintenance and remote control services have a real positive impact on resource outflows. However, rapid technological development and changes in the uses of buildings through renovations reduce resource efficiency, which has an actual negative impact.